The Hon’ble Kerala High Court in appeals preferred by the Revenue decided questions of law involving conditions to invoke S. 68 of the Act for making additions. It was observed that, undisputedly, the transactions have taken place through banking channels. On the basis of documentary evidence, it could be said that the requisite onus as required to be discharged under S. 68 was duly discharged by the assessee, and it was the onus of the revenue to dislodge the same. However, upon perusal of orders of lower authorities, the Court found that no cogent material or evidence was on record to dislodge the claim of the assessee; rather the additions were based more on allegations, surmises, conjectures and mere suspicion. Accordingly, the Court concluded that the decision of Tribunal did not warrant any interference and consequently, the appeals were dismissed.(AY. 2012-13 to 2017-18)